Opto Chips Sample Clauses

Opto Chips. (a) The per unit purchase price for the Opto chips shall be Infineon's standard cost plus three percent (3 %). (b) Purchaser shall be entitled to place orders for one year's forecasted demand for Opto chips relating to the one (1) year following the termination of Infineon's supply obligation, to be shipped to Purchaser or to Infineon for the manufacture of Micromodules. (c) Payment terms for the Opto chips shall be forty-five (45) days from the date of invoice. (d) An initial purchase order for Opto chips shall be placed on or before February 15, 2005. Thereafter, purchaser orders shall be submitted at least thirty (30) days prior to the required delivery date and may be submitted at any time through April 30, 2005, with the last scheduled delivery date on or before June 30, 2005.
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